Brazil offers more than $1 billion to support the development of SAF, marine biofuel projects
August 27, 2024
BY Erin Voegele
The government of Brazil on Aug. 22 announced it will offer R$6 billion ($1.09 billion) to support the development of biorefineries to produce sustainable aviation fuel (SAF) and sustainable marine fuels.
Brazil’s National Bank for Economic and Social Development (BNDES) and FINEP, a government funding agency, will each contribute R$3 billion to the effort. The agencies have issued a joint public call for proposals seeking business plans for the development and implementation of biorefineries to produce SAF or sustainable marine fuel.
The funding opportunity is open to Brazilian companies that produce fuels or that conduct research and development activities with the aim of developing technologies to produce sustainable aviation or marine fuels.
Advertisement
Awards can be used to support activities and expenses related to research, technological development, engineering projects, pilot plants, working capital, the acquisition of machinery and equipment, and certain other expenses. The application deadline is Oct. 31.
Additional information is available on the BNDES website.
Advertisement
Related Stories
MOL Group has produced a diesel fuel containing hydrotreated vegetable oil (HVO), and sustainable aviation fuel (SAF) at the refinery of Slovnaft in Bratislava. The quality of the products has been verified by radioisotope analysis.
More than 1.76 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, down from 1.91 billion generated during the same period of 2024, according to data released by the U.S. EPA on Feb. 20.
The U.S. EPA on Feb. 20 released updated small refinery exemption (SRE) data showing that 13 previously denied SRE petitions for Renewable Fuel Standard compliance years 2021 and 2022 are being reconsidered. No new SRE petitions were filed.
A coalition of biofuel, agriculture, fuel retailer and petroleum trade groups on Feb. 19 sent a letter to U.S. EPA Administrator Lee Zeldin urging the agency to set robust, timely, multiyear RFS RVOs for 2026 and beyond.
OMV Petrom has announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery in Romania. The new facility will have an annual capacity of 250,000 tons.
Upcoming Events
